CUET Economics 2025 3 June Shift 1 PYQs

Arrange the following concept emerges in context of consumer equilibrium.

(A) Transfer his expenditure from Good Y to Good X.

(B) Sacrifice more of Good Y to gain Good X.

(C) Till, Marginal Rate of Substitution (MRSxy) = Market Rate of Exchnage.

(D) Suppose, Marginal Rate of Substitution (MRSxy) > Market Rate of Exchnage.

Choose the correct answer from the options given below:

Which of the following would appropriately define a budget set?

1. $P_1X_1+P_2X_2 \ge M$.
2. $P_1X_1+P_2X_2 < M$.
3. $P_1X_1+P_2X_2 > M$.
4. $P_1X_1+P_2X_2 \le M$.

Two indifference curves can never intersect each other as ...............

1. They give the same level of satisfaction.
2. They give different levels of satisfaction.
3. They are concave to the origin.
4. They are convex to the origin.